Remove Articles Remove Auto Remove Porsche Remove Supplies
article thumbnail

Mercedes, Porsche, BMW stocks defy market downturn despite disruptions

Teslarati

The stocks of German luxury automakers, including Mercedes, Porsche, and BMW, have remained strong in recent months despite numerous disruptions. But simultaneously, luxury German automakers have mysteriously not seen the same rapid declines in stock prices, some (Porsche) even increasing in value over the same timeframe.

Porsche 125
article thumbnail

Volkswagen, Mobileye to bring new automated driving functions to series production – ET Auto

Baua Electric

Israeli automotive tech company Mobileye will provide driving assistance software based on its SuperVision and Chauffeur platforms to VW’s luxury brands such as Audi, Bentley, Lamborghini and Porsche. Mobileye is also set to supply further automated driving software to Volkswagen’s commercial vehicles unit.

Auto 52
article thumbnail

Volkswagen is financially ready for electrification, says CFO

Teslarati

Volkswagen CFO Arno Antlitz said that the auto group is in an excellent financial position to fund electrification. According to Reuters , the Volkswagen CFO clarified that he believes the auto group is financially ready for electrification. billion from their Porsche IPO today, while the brand’s operating profit margin of 7-8.5%

Porsche 111
article thumbnail

A mini industry spawns under the hood of a booming car market – ET Auto

Baua Electric

Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold. Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold. As per industry estimates, about 4.1

article thumbnail

Shanghai auto show: Full schedule of 150 press conferences for exhibitors

CN EV Post

As the first major auto show after the Covid opening in China, the Shanghai auto show, which will start next week, is highly anticipated, with more than 100 press conferences by car companies and supply chain players on media days. Li Auto (NASDAQ: LI), whose booth is 6A04, also located in Hall 6.1, is the media area.

Auto 87
article thumbnail

Volkswagen Group’ hot new IPO sees sales fall in Q3

Teslarati

Volkswagen Group announced Q3 sales results, but their recent IPO Porsche brand saw a dramatic drop in sales during the quarter. However, it is a mixed bag for Volkswagen Group’s luxury offerings; Audi grew sales while Porsche saw a dramatic sales drop. What do you think of the article?

Sale 77
article thumbnail

New Wolfspeed EV chip factory poised to tackle automotive chip shortage

Teslarati

If one thing has become eminently clear over the past three years, it is the fact that the supply chains that bring us everything from cars to surgical masks are incredibly delicate and, further, can benefit from numerous points of origin. Wir brauchen sie für E-Autos, Erneuerbare Energien, für die #Transformation.

Germany 122